Stephens Investment Management Group LLC Increases Stock Position in SentinelOne, Inc. (NYSE:S)

Stephens Investment Management Group LLC increased its position in SentinelOne, Inc. (NYSE:S) by 37.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,777,810 shares of the company’s stock after buying an additional 482,995 shares during the period. Stephens Investment Management Group LLC’s holdings in SentinelOne were worth $39,467,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC purchased a new position in SentinelOne in the third quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in SentinelOne during the 4th quarter worth approximately $33,000. Modus Advisors LLC purchased a new position in SentinelOne in the 4th quarter worth approximately $48,000. Capital Performance Advisors LLP acquired a new stake in SentinelOne in the third quarter valued at approximately $55,000. Finally, Blue Trust Inc. raised its stake in shares of SentinelOne by 105.9% during the third quarter. Blue Trust Inc. now owns 2,378 shares of the company’s stock valued at $57,000 after purchasing an additional 1,223 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of SentinelOne from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on SentinelOne from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Susquehanna lifted their price objective on SentinelOne from $28.00 to $30.00 and gave the stock a “positive” rating in a report on Thursday, December 5th. Guggenheim restated a “buy” rating and issued a $31.00 price target on shares of SentinelOne in a research note on Thursday, December 5th. Finally, Cantor Fitzgerald began coverage on shares of SentinelOne in a report on Thursday, January 9th. They set an “overweight” rating and a $30.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, SentinelOne currently has a consensus rating of “Moderate Buy” and an average target price of $29.56.

SentinelOne Stock Performance

Shares of S opened at $23.93 on Friday. The stock’s fifty day moving average is $23.41 and its 200-day moving average is $24.20. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of -25.45 and a beta of 0.75. SentinelOne, Inc. has a one year low of $14.33 and a one year high of $30.76.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Wednesday, December 4th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.22). The company had revenue of $210.60 million for the quarter, compared to analyst estimates of $209.73 million. SentinelOne had a negative net margin of 37.61% and a negative return on equity of 15.80%. SentinelOne’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) EPS. Analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current fiscal year.

Insider Activity at SentinelOne

In other SentinelOne news, insider Ric Smith sold 14,583 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $22.75, for a total value of $331,763.25. Following the completion of the transaction, the insider now directly owns 531,459 shares in the company, valued at $12,090,692.25. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tomer Weingarten sold 60,864 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $22.52, for a total transaction of $1,370,657.28. Following the completion of the sale, the chief executive officer now owns 959,682 shares of the company’s stock, valued at approximately $21,612,038.64. This trade represents a 5.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 357,354 shares of company stock valued at $8,665,013 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

SentinelOne Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.